Rand firms before business confidence figures released
The median forecast among economists polled by Bloomberg is for business confidence to have fallen to 89 points
The rand was stronger on Wednesday morning, leading its emerging-market peers in gains. The SA Chamber of Commerce and Industry (Sacci) is set to publish its business confidence figure for September.
Market sentiment, which has been affected by continuing uncertainty in the US-China trade war, slightly improved on Wednesday after US Federal Reserve chair Jerome Powell hinted at the possibility of another interest rate cut, on Tuesday, amid fears of an economic slowdown...